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2 years ago

The social cost associated with the distortion in consumption from a monopoly price is called

1 answer:

4 0

This social cost is called deadweight loss or excess burden or allocative inefficiency. It is linked with the distortion in consumption resulting from monopolized pricing. Deadweight loss<span> is the descent in overall surplus that results from a market distortion, like tax for example. In economics, it is defined as a damage in economic efficiency that can happen when equilibrium for an amenity is not attained or is considered unachievable</span>

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During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as f

malfutka [58]

Answer:

Explanation:

journal entries in the books of AXE

jan 6 purchased goods from Green worth $1200 term 2/10 , n/30

Inventory a/c $1200

Accounts Payable - green $1200

jan 6 purchased goods from munoz worth $900

inventory a/c$900

Accounts Payable - munoz $900

jan 14 Payment being made to green. Since payment is made within 8 days so discount will be recieved by Axe( note term 2/10 means if payment is made within 10 days axe will recieve discount @2%)

Accounts payable - green $1200

Cash $1,176

discount recieved $ 24

( being discount recieved [email protected]% = $24)

Feb 2 payment made to munoz , since it is paid after 10 days no discount will be recieved

Accounts payable- munoz $900

Cash $900

feb 28 purchased goods worth $350 from reynold

Inventory $350

Accounts payable - reynold $350

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2 years ago

A last-mile delivery service is looking into increasing capacity by purchasing new delivery vans. Two vans are being considered.

Inessa05 [86]

Answer: a. The drone option should be chosen because it is the least expensive in terms of both fixed cost and variable cost.

b. A and 20000, B and 20000

Explanation:

a. From the information provided, the correct option is option B "The drone option should be chosen because it is the least expensive in terms of both fixed cost and variable cost".

This statement is wrong has the drone has the largest fixed cost and variable cost. It's fixed cost of $100,000 is more than that of $70,000 and $60,000 for others.

b. A and 20000, B and 20000

A is preferred at volumes below 20000 while B is preferred at volume above 20000.

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2 years ago

Strange Manufacturing Company is purchasing a production facility at a cost of $21 million. The firm expects the project to gene

n200080 [17]

It would be choice B 18%.

5 0

2 years ago

A collection of financial assets is known as an investor's _____. mutual fund prospectus portfolio diversification

gladu [14]

A collection of financial assets is known as an investor's portfolio. A persons portfolio holds all of the information regarding the investments a person has. This is a way for the investor to keep track of their investments and where their money is. Investors can see where they are growing their funds and which funds are giving them the most return on their investment.

8 0

2 years ago

Read 2 more answers

Which of the following budgets are prepared before the sales budget? Budgeted Income Statement Direct Labor Budget A) Yes Yes B)

Nesterboy [21]

Answer:

The answer is D.

Explanation:

Sales budget is always the primary budget to be prepared. Others can come after sales budget. A sales budget is a financial plan which shows the level or volume of sales the firm is expecting to offer for sale in the future.

It is usually the first budget to be prepared because the level of sales will determine the level of expenditure.

Therefore,

For Budgeted Income Statement - NO

For Direct Labor Budget - NO

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2 years ago